In 2022, the domestic isobutyraldehyde market has experienced ups and downs. At the beginning of the year, the average price of domestic isobutyraldehyde mainstream market was 9733.33 yuan/ton, and at the end of the year, the average price of isobutyraldehyde mainstream market was 6466.67 yuan/ton, a decrease of 33.56% within the year. The lowest price of the whole year was at the end of September, with the price of 5933.33 yuan/ton, and the highest price of the whole year was at the middle of February, with the price of 17833.33 yuan/ton, the largest drop of 66.73% in the year.
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Judging from the monthly K-column chart of isobutyraldehyde, the market of isobutyraldehyde in 2022 has experienced ups and downs. The highest increase was 58.22% in January and the highest decrease was 50.81% in June. The isobutyraldehyde commodity index on January 9 was 33.50, down 0.68 points from yesterday, down 68.27% from the cycle’s highest point of 105.58 points (2021-09-16), and up 11.22% from the lowest point of 30.12 points on October 7, 2022. (Note: the period refers to the period from September 1, 2021 to now)
Review of isobutyraldehyde market in 2022
The market of isobutyraldehyde rose in a wide range in the first quarter. In January, the rising trend in December 2021 was continued, with the upstream propylene market rising slightly and the downstream neopentyl glycol price rising sharply. The price of isobutyraldehyde rose from 9733.33 yuan/ton at the beginning of the month to 15400.00 yuan/ton at the end of the month, an increase of 58.22% in the whole month. In February, the upstream and downstream enterprises of isobutyraldehyde began to work, but the downstream market rose first and then fell, the downstream demand weakened, and the price of isobutyraldehyde rose first and then fell. The price dropped by 9.52% from 15400.00 yuan/ton at the beginning of the month to 13933.33 yuan/ton at the end of the month. In March, the price of isobutyraldehyde fluctuated and rose. The upstream propylene price rose first and then fell, while the downstream neopentyl glycol price fell 6.67%. The price of isobutyraldehyde rose from 13866.67 yuan/ton at the beginning of the month to 15566.67 yuan/ton at the end of the month, up 12.26%. The price of isobutyraldehyde rose 59.93% in the first quarter.
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The market of isobutyraldehyde rose first and then fell in the second quarter. In April, the market price of isobutyraldehyde upstream propylene rose slightly, the upstream support increased, and the price of isobutyraldehyde rose slightly. The price rose from 13566.67 yuan/ton at the beginning of the month to 14166.67 yuan/ton at the end of the month, up 4.42%. The price of isobutyraldehyde rose sharply in May, from 14166.67 yuan/ton at the beginning of the month to 17066.67 yuan/ton at the end of the month, up 20.47%. In June, the downstream market fell sharply and the enthusiasm of downstream procurement weakened. The price of isobutyraldehyde dropped by 50.81% from 16400.00 yuan/ton at the beginning of the month to 8066.67 yuan/ton at the end of the month. The overall price of isobutyraldehyde fell 40.54% in the second quarter.
The market of isobutyraldehyde continued to fall sharply in the third quarter. Insufficient upstream propylene support. The downstream neopentyl glycol fell by 21.56% in the third quarter, and the downstream demand was poor. Under the influence of multiple negative effects, the price of isobutyraldehyde fell sharply in the third quarter. Isobutyraldehyde fell by 14.17% in July, continued to fall by 1.37% in August, and fell again by 18.72% in September. The price of isobutyraldehyde in the third quarter dropped from 8466.67 yuan/ton at the beginning of the quarter to 5933.33 yuan/ton at the end of the quarter. The price of isobutyraldehyde in the third quarter fell by 29.92% as a whole.
The market of isobutyraldehyde rose in the fourth quarter. The price of isobutyraldehyde rose first and then fell in October. After the National Day, isobutyraldehyde plants were shut down in some regions, and the isobutyraldehyde supply decreased. The price rose from 5933.33 yuan/ton at the beginning of the month to 6600.00 yuan/ton at the end of the month, up 11.24%. The price of isobutyraldehyde fell in November. The upstream propylene is well supported, and the downstream neopentyl glycol demand is weakened. The price of isobutyraldehyde dropped from 6600.00 yuan/ton at the beginning of the month to 6233.33 yuan/ton at the end of the month, a decrease of 5.56%. The price of isobutyraldehyde rose in December. The price of neopentyl glycol in the downstream rose slightly, and the demand improved. The price of isobutyraldehyde rose from 6233.33 yuan/ton at the beginning of the month to 6466.67 yuan/ton at the end of the month, up 3.74%. The price of isobutyraldehyde rose by 8.99% in the fourth quarter
Future outlook: the market of isobutyraldehyde may fall first and then rise in the first quarter, and it will be dominated by consolidation. The upstream propylene market fell slightly, with general support. The market of neopentyl glycol in the downstream began to rise, and the demand increased. After the Spring Festival, upstream and downstream construction increased and demand improved. On the whole, the market of isobutyraldehyde may fall first and then rise in the first quarter.
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